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Commercial Credit News
Banks stress need for international cooperation on reform
Monday, 15 June 2009

Proposed reform of UK banking regulation needs more work and must take account of how British financial services interact with global markets the British Bankers’ Association [BBA] said today.

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New Insurance Sector Director at the FSA
Monday, 15 June 2009

The Financial Services Authority (FSA) today announced the appointment of Ken Hogg, currently interim Chief Financial Officer at MGM Assurance, as Insurance Sector director.

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HSBC sells its 49 per cent stake in HSBC Merchant Services
Friday, 12 June 2009

HSBC Bank plc has sold its 49 per cent holding in HSBC Merchant Services LLP (HMS), the card processing joint venture that serves its UK business clients, to its partner in the venture, Global Payments Inc., for a consideration of US$307.7 million in cash.

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Barclays comment on the Office of National Statistics (ONS) manufacturing figures for April 2009
Wednesday, 10 June 2009

Graeme Allinson, Head of Manufacturing, Transport and Logistics at Barclays Commercial Bank, said:

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Hilton-Baird bridges the funding gap for BLOODHOUND SSC land speed record project
Tuesday, 09 June 2009

Leading independent financial services provider Hilton-Baird Financial Solutions has helped keep Richard Noble’s latest world land speed record project on track after securing new short-term funding.

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Opal ready to step into breach following keydata administration
Tuesday, 09 June 2009

OPAL, the UK’s largest provider of structured product services and administration to investment companies, banks, building societies and other third parties, has contacted PWC and other major structured product providers to offer ongoing support for all portfolios following KeyData being placed into administration.

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National lobby group appoints Bollington businessman as director
Tuesday, 09 June 2009

The Forum of Private Business (FPB) has appointed Howard Jackson as a non-executive director. Howard is the Managing Director of HCSS Education – based in Bollington, Cheshire – which helps schools and local authorities to manage their finances.

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April 09 small business figures for the high street banks
Tuesday, 09 June 2009

Lending to small businesses by the high street banks rose by £287 million in April and there were over 48,000 new small businesses banking relationships established. Deposits from small businesses rose by £119 million.

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FSB welcomes appointment of Sir Alan Sugar as Enterprise Champion
Monday, 08 June 2009

The Federation of Small Businesses (FSB) is celebrating victory with the Government's introduction of an Enterprise Champion – in the form of respected businessman Sir Alan Sugar.

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BCC and UKTI chiefs in joint drive to get more British businesses exporting
Monday, 08 June 2009

Two of the UK’s foremost international trade advocates have joined forces to encourage more British businesses to rediscover their mercantile spirit during the recession.

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Venture Finance increases London presence
Monday, 08 June 2009

Leading Invoice and Assed Based Lender Venture Finance today announces the appointment of Paul Levy as Business Development Manager to its London office.

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